Paul Romer: The world's first charter city?

The transcript discusses the concept of charter cities as a means to reconceptualize economic development. It highlights the potential of new cities to offer choices for families and attract new residents. The idea was explored in Honduras, where leaders considered creating special development regions to retain citizens and attract foreign investment. The concept was presented to Honduran leaders, emphasizing the importance of rules and enforcement. Global interest in city building, particularly from South Korea and Singapore, was noted, with the potential for charter cities to provide new opportunities for people worldwide.

What role do rules play in the development of new cities according to the text?

What insights did President Lobo have regarding the enforcement of the charter?

How did the concept of charter cities aim to address the issue of economic migration?